Scalar Gauge Management LLC Makes New $1.46 Million Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Scalar Gauge Management LLC bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $1,460,000. DoubleVerify comprises approximately 0.8% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Whittier Trust Co. acquired a new stake in shares of DoubleVerify in the 1st quarter worth about $28,000. Quadrant Capital Group LLC grew its position in DoubleVerify by 65.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after purchasing an additional 587 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify during the first quarter valued at approximately $54,000. CWM LLC boosted its position in shares of DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares during the period. Finally, Park Place Capital Corp grew its holdings in DoubleVerify by 153.5% in the 1st quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after buying an additional 2,435 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $20.16, for a total value of $35,562.24. Following the completion of the sale, the chief financial officer now owns 77,314 shares in the company, valued at $1,558,650.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 5,292 shares of company stock worth $104,835. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Up 0.8 %

Shares of NYSE DV opened at $17.33 on Tuesday. DoubleVerify Holdings, Inc. has a 12 month low of $16.88 and a 12 month high of $43.00. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 2.40 and a beta of 0.92. The business has a fifty day simple moving average of $19.09 and a 200-day simple moving average of $23.01.

DoubleVerify (NYSE:DV) last announced its earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. The company had revenue of $155.89 million during the quarter, compared to analysts’ expectations of $153.78 million. During the same period last year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DV has been the subject of a number of analyst reports. Barclays reduced their price target on DoubleVerify from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of DoubleVerify in a report on Friday, September 13th. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Truist Financial reduced their price target on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Morgan Stanley raised their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.18.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.